Shareholder Return

Shareholder Return Policy

Our basic policy is to enhance our corporate value by balancing (1) the securing of our retained earnings, which are necessary to ensure financial security in order for us to be able to respond to future changes in the economic environment and to maintain our growth strategy and (2) appropriate distributions of profits to shareholders with consideration paid to our cost of capital.

Basic Policy on Shareholder Return.
  • Note:
    Total payout ratio = (dividends + stock repurchases) / (group adjusted profit)

Dividend History and Forecast

Interim Dividend
(per Share)
Year-end Dividend
(per Share)
Annual Dividends
(per Share)
Fiscal Year Ending
March 31, 2023 (forecast)
- 86yen 86yen
Fiscal Year Ending
March 31, 2022 (planned)
- 83yen 83yen
Fiscal Year Ended
March 31, 2021
- 62yen 62yen